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3 Key Insights on US$ 3,000 Mn Opportunity in the Global Solid-state Battery Market: Ken Research

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Driven by the rising demand for solid-state batteries due to their high energy density for various applications along with increased research and development activities for solid-state batteries, the Global Solid-state Battery Market is Forecasted to reach nearly US$ 3,000 Mn by 2028 says Ken Research Study.

A solid-state battery uses a solid as an electrolyte and has high energy density, better stability, and is safer in comparison to lithium-ion batteries. Different kinds of electrolytes could be used to increase the efficiency of a solid-state battery. Solid-state batteries are less expensive, safer, and more durable.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1. High Energy Density of Solid-state Batteries Encourage Market Growth

The increase in research and development for the solid-state battery to improve their efficiency is boosting the growth of the solid-state battery market in the forecasted period. The solid-state battery offers high performance, has a longer life, cheaper battery costs, and other is increasing its adoption in various sectors is anticipated to propel the growth of the market. However, the high manufacturing cost of solid-state batteries may hamper the growth of the market.

According to Ken Research estimates, the Global Solid-state Battery Market – valued at around US$ 200 Mn in 2017 and estimated to reach nearly US$ 700 Mn by 2022 – is expected to grow to around US$ 3,000 Mn opportunity by 2028.

Global Solid-state Battery Market

2. Increasing Adoption of Solid-state Battery in Electric Vehicle is Driving the Market Growth

The rising demand for the solid-state battery for electric vehicles is anticipated to aid the growth of the market. Moreover, the high investment in research and development of solid-state batteries along with the increasing partnership between battery manufacturers and automobile companies is expected to bolster the growth of the global solid-state battery market.

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The below graph depicts the increase in electric vehicle registration in China.  

Global Solid-state Battery Market

3. Difficulty in the Manufacturing Process of Solid-state Battery Is the Most Significant Barrier to the Growth of the Market.

The difficulty in the manufacturing process of solid-state batteries, as well as the requirement of high investment for R&D and manufacturing of solid-state batteries, may hamper the growth of the market. In addition, the availability of other substitutes at cheaper cost such as graphene batteries, fluoride batteries, sand batteries, ammonia-powered batteries, and lithium-sulfur batteries may restrict the growth of the market.

Key Topics Covered in the Report

  • Snapshot of the Global Solid-state Battery Market
  • Industry Value Chain and Ecosystem Analysis of the Solid-state Battery Market
  • Market size and Segmentation of the Global Solid-state Battery Market
  • Historic Growth of the Overall Global Solid-state Battery Market and Segments
  • Competition Scenario of the Solid-state Battery Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Solid-state Battery Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall Global Solid-state Battery Market
  • Future Market Forecast and Growth Rates of the Global Solid-state Battery Market and by Segments
  • Market Size of Application/Application Segments with historical CAGR and Future Forecasts
  • Analysis of the Solid-state Battery Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Production/Supply and Consumption/Demand Hubs in Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Solid-state Battery Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

  • Cymbet
  • TOYOTA MOTOR CORPORATION
  • Robert Bosch GmbH
  • Solid Power Inc.
  • Excellatron
  • BrightVolt Inc.
  • SK Innovation Co. Ltd
  • STMicroelectronics
  • Total Energies
  • StoreDot

Notable Emerging Companies Mentioned in the Report

  • QuntumScape Corporation
  • Factorial Inc
  • Gangfeng Lithium Co Ltd
  • Prieto Battery
  • Dyson Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Solid-state Battery Manufacturers
  • Electric Vehicle Manufacturers
  • Electronic Manufacturers
  • Wearable Device Manufacturers
  • Medical Device Manufacturers
  • Research & Consulting Firms
  • Research and Development Associations
  • Investment Banking & Financial Institutes
  • Research & Development Institutes for Solid-state Battery
  • Solid-state Battery Providers
  • Solid-state Battery Technology Research Organizations
  • Solid-state Battery Suppliers
  • Investors in Solid-state Battery Start-ups
  • Solid-state Battery Distributors
  • Government Regulatory Bodies

For more insights on the market intelligence, refer to the link below: –

Global Solid-state Battery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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